External balance on goods and services (current US$), annual growth in Panama
Panama: External balance on goods and services (current US$), annual growth was 78.89 % change on previous year in 2024. ◆ Volatile
Latest (2024)
78.89 % change on previous year
Change on year
up 233.1%
World rank
15th
of 192 countries
All-time high
245.52 % change on previous year
in 2001
All-time low
-547.15 % change on previous year
in 1969
Years of data
63
1961–2024
External balance on goods and services (current US$), annual growth in Panama, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Panama recorded 78.89 % change on previous year for external balance on goods and services (current us$), annual growth in 2024.
Compared with earlier readings it is up 233.1% on the previous year and up 279.3% over ten years.
Over the whole period, external balance on goods and services (current us$), annual growth in Panama peaked at 245.52 % change on previous year in 2001 and was at its lowest, -547.15 % change on previous year, in 1969.
Panama ranks 15th of 192 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$), annual growth in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 15.87 % change on previous year | — |
| 1962 | 33.01 % change on previous year | +108.0% |
| 1963 | -106.51 % change on previous year | -422.7% |
| 1964 | 35.41 % change on previous year | -133.2% |
| 1965 | 6.74 % change on previous year | -81.0% |
| 1966 | -30.19 % change on previous year | -547.7% |
| 1967 | 50.4 % change on previous year | -266.9% |
| 1968 | 132.31 % change on previous year | +162.5% |
| 1969 | -547.15 % change on previous year | -513.5% |
| 1970 | -159.5 % change on previous year | -70.9% |
| 1971 | -24.51 % change on previous year | -84.6% |
| 1972 | -39.37 % change on previous year | +60.6% |
| 1973 | 6.71 % change on previous year | -117.1% |
| 1974 | -158.22 % change on previous year | -2456.6% |
| 1975 | 11.92 % change on previous year | -107.5% |
| 1976 | -2.05 % change on previous year | -117.2% |
| 1977 | 40.43 % change on previous year | -2070.5% |
| 1978 | -43.74 % change on previous year | -208.2% |
| 1979 | -105.27 % change on previous year | +140.6% |
| 1980 | 33.65 % change on previous year | -132.0% |
| 1981 | -39.13 % change on previous year | -216.3% |
| 1982 | 61.75 % change on previous year | -257.8% |
| 1983 | 136.97 % change on previous year | +121.8% |
| 1984 | -362.14 % change on previous year | -364.4% |
| 1985 | -17.34 % change on previous year | -95.2% |
| 1986 | -1.77 % change on previous year | -89.8% |
| 1987 | -24.79 % change on previous year | +1304.8% |
| 1988 | 143.7 % change on previous year | -679.6% |
| 1989 | -360.82 % change on previous year | -351.1% |
| 1990 | -45.66 % change on previous year | -87.3% |
| 1991 | -86.45 % change on previous year | +89.3% |
| 1992 | -19.82 % change on previous year | -77.1% |
| 1993 | -3.78 % change on previous year | -80.9% |
| 1994 | -6.29 % change on previous year | +66.4% |
| 1995 | -17.18 % change on previous year | +173.0% |
| 1996 | 109.12 % change on previous year | -735.0% |
| 1997 | 172.68 % change on previous year | +58.3% |
| 1998 | -245.56 % change on previous year | -242.2% |
| 1999 | -1.58 % change on previous year | -99.4% |
| 2000 | 67.12 % change on previous year | -4343.5% |
| 2001 | 245.52 % change on previous year | +265.8% |
| 2002 | -121.08 % change on previous year | -149.3% |
| 2003 | -190.16 % change on previous year | +57.1% |
| 2004 | -300.38 % change on previous year | +58.0% |
| 2005 | 16.4 % change on previous year | -105.5% |
| 2006 | -26.34 % change on previous year | -260.7% |
| 2007 | -77.64 % change on previous year | +194.7% |
| 2008 | -101.01 % change on previous year | +30.1% |
| 2009 | 139 % change on previous year | -237.6% |
| 2010 | -303.64 % change on previous year | -318.4% |
| 2011 | 40.58 % change on previous year | -113.4% |
| 2012 | -76.74 % change on previous year | -289.1% |
| 2013 | -8.2 % change on previous year | -89.3% |
| 2014 | -44.01 % change on previous year | +436.8% |
| 2015 | 62.28 % change on previous year | -241.5% |
| 2016 | 45.74 % change on previous year | -26.6% |
| 2017 | -30.13 % change on previous year | -165.9% |
| 2018 | -36 % change on previous year | +19.5% |
| 2019 | 99.98 % change on previous year | -377.7% |
| 2021 | -5.21 % change on previous year | -105.2% |
| 2022 | -5.02 % change on previous year | -3.6% |
| 2023 | 23.69 % change on previous year | -571.9% |
| 2024 | 78.89 % change on previous year | +233.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -45.57 % change on previous year | -547.15 % change on previous year | 132.31 % change on previous year | 9 |
| 1970s | -47.36 % change on previous year | -159.5 % change on previous year | 40.43 % change on previous year | 10 |
| 1980s | -42.99 % change on previous year | -362.14 % change on previous year | 143.7 % change on previous year | 10 |
| 1990s | -14.45 % change on previous year | -245.56 % change on previous year | 172.68 % change on previous year | 10 |
| 2000s | -34.86 % change on previous year | -300.38 % change on previous year | 245.52 % change on previous year | 10 |
| 2010s | -25.01 % change on previous year | -303.64 % change on previous year | 99.98 % change on previous year | 10 |
| 2020s | 23.09 % change on previous year | -5.21 % change on previous year | 78.89 % change on previous year | 4 |
Countries ranked near Panama
- 12 Qatar 96.58 % change on previous year compare
- 13 Maldives 96.15 % change on previous year compare
- 14 Congo, Democratic Republic of the 78.97 % change on previous year compare
- 16 Cyprus 70.19 % change on previous year compare
- 17 Botswana 62.99 % change on previous year compare
- 18 Sudan 61.52 % change on previous year compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate -2.61 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3966 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 7,600 constant 2015 US$ per person (2024)
- External balance on goods and services (current LCU), annual growth 78.89 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0262 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 518.14 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -1.69 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current us$), annual growth in Panama?
- External balance on goods and services (current us$), annual growth in Panama was 78.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current us$), annual growth recorded in Panama?
- The highest recorded value was 245.52 % change on previous year in 2001.
- What is the lowest external balance on goods and services (current us$), annual growth recorded in Panama?
- The lowest recorded value was -547.15 % change on previous year in 1969.
- How does Panama rank for external balance on goods and services (current us$), annual growth?
- Panama ranks 15th out of 192 countries with data for 2024.
- Is external balance on goods and services (current us$), annual growth rising or falling in Panama?
- Over the last ten years it is up 279.3%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.